Location, location, location. The 3 most important things in real estate, right? Certainly this adage applies to the condo building on Palmerston Ave known as "Europa". While the Little Italy/College Street West area is one of the most sought after in the city, residential condo units in the neighbourhood are hard to come by. There are a few buildings in the area (456 College St, 301 Markham St, and few other boutique loft developments nearby), but suites don't come up for sale in these buildings very often. So when something pops up in Europa, you can bet there's going to be some interest.

I helped a client purchase a suite here a few years ago and the big selling features for him were the same as they are for most who live in the building; it's an area of the city that isn't oversaturated with new residential development, the building itself is a modest size, the suites are nicely finished, and the neighbourhood has so much to offer. You've got great restaurants, cafes, the College streetcar, the Royal Cinema, one of the city's best music stores, groceries, etc. All just steps from the building!

Europa was developed by Beaverhall Homes/Graywood Developments (also responsible for the "Hyatt Regency Toronto" building and "555 Yonge Street"). It was completed in 2007 and sits at the south-west corner of Palmerston Ave and College Street. The building has 8 storeys (with the penthouse suites occupying the top 2 levels) and the municipal address is 308 Palmerston Ave. Take a look at the Google Street View map here.